02 September 2009
Dear Members Under PGBP head,if Business Profits is Rs.10000 and depreciation to be deducted is Rs.100000.Then there will be business loss of 90000.But what is this unabsorbed depreciation which arise because of inadequacy of Profits?Is this loss of Rs.90000 itself is unabsorbed depreciation?And in case setoff as IT order should be Current depn,B/F Business loss,Unabsorbed depn.I have doubt regarding this B/F Business loss and Unabsorbed depn?
CAclubindia
